Union Retirement Plan definition
Examples of Union Retirement Plan in a sentence
Effective as of the Distribution Date, the Packco Group shall assume or retain (as applicable) all Liabilities relating to or arising under the Union Retirement Plan.
The Retirement Plan actuaries will be authorized by the Company to release any facts on the Union Retirement Plan to the Union that the Union requests as long as no non-union employees' benefits, salaries, or other data are revealed thereby.
Prior to the Effective Date, the Dental Business Subsidiaries maintained such Plan as the Sybron Kerr ▇▇▇ Union Retirement Plan.
Effective as of the Effective Date, SDS or the Dental Business Subsidiaries shall continue to maintain the SDS Kerr ▇▇▇ Union Retirement Plan and its related trust for the benefit of eligible Dental Business Employees and their beneficiaries.
SDS hereby further agrees to take all actions necessary to obtain, as soon as practicable, an Internal Revenue Service determination that the SDS Kerr ▇▇▇ Union Retirement Plan continues to meet the applicable requirements of section 401(a) of the Code and that the trust which relates to the SDS Kerr ▇▇▇ Union Retirement Plan meets the applicable requirements of section 401(a) of the Code and is exempt from tax under section 501(a) of the Code.
Effective as of the Effective Date, all QDROs pertaining to accrued benefits of Dental Business Employees under the SDS Kerr ▇▇▇ Union Retirement Plan shall be the sole responsibility of the SDS Group.
Seller and Purchaser shall each indemnify and hold harmless the other against any loss, costs, claims, liabilities and expenses it may incur, including reasonable attorneys’ fees, by reason of the other party’s breach of its obligations under the Union Retirement Plan and the Displaced Building Service Workers Act.
SDS shall conduct applicable nondiscrimination tests for benefits accrued under the SDS Kerr ▇▇▇ Union Retirement Plan for the plan year of such Plan in which the Effective Date occurs.
As of the Effective Date, the trustee of the trust which relates to the SDS Kerr ▇▇▇ Union Retirement Plan shall be the same as the trustee of the trust which related to the Sybron Kerr ▇▇▇ Union Retirement Plan prior to the Effective Date.
Thereafter, however, and in accordance with Section 3.1, SDS in its sole discretion may appoint a successor trustee of the trust which relates to the SDS Kerr ▇▇▇ Union Retirement Plan.